Hedge Funds Double Down On “Widow Maker” Trade

A trade once nicknamed the “widow maker” by analysts at JP Morgan seems to be back in vogue with hedge funds this year. According to research from Ihor Dusaniwsky, Head of Research, S3 Partners, an independent Financial analytics firm, hedge funds’ short interest in Australian banks ticked higher last month as managers continued to speculate that Australia’s housing boom is coming to an end. Hedge Funds Double Down On “Widow Maker” Trade Four of the top seven most shorted stocks in Australia last week were banking stocks. Short interest in Commonwealth Bank of Australia, National Australia Bank, Australia & New…